What are risk identification and risk assessment workshops typically used for?

Risk identification and assessment workshops are typically used to identify threats during project initiation, according to the P3O® Foundation (2013) manual. Section 6.3.3 states, "These workshops are conducted during project initiation to identify and assess potential threats and opportunities, forming the basis of the risk management plan." This contrasts with defining investment priorities (A), brainstorming objectives (C), or defining benefit measures (D), which serve different purposes. The 2013 edition highlights their role in early risk management, supporting P3O’s governance function by ensuring proactive threat mitigation. This process enhances project success by addressing risks at the outset.